Edgeware uses a version of proof-of-stake called Nominated Proof-of-Stake, and stakers are split into two types:
Validators: Node operators who secure the network and are backed by nominators and their own stake.
Nominators: EDG holders who delegate/nominate their EDG to a validator and share in the benefits.
See more details about these roles below:
Validation requires establishing a node, setting up your account and keys, and bonding EDG in order to verify blocks and secure the network. Follow these steps, in order, to get started.
Reaping Threshold: The amount that an account must maintain in order to avoid deletion.
Runtime version: 28
Blocktime: 6 seconds
Session: 60 minutes (600 blocks)
Era: 6 hours (6 sessions per era)
Validators at launch: 10
Validator slots at launch: 60
Bonding duration: 14 days
Slashes deferred duration: 7 days
Cancellation of slashes: 3/4 of council required - need to revisit this